Applied Finance Capital Management LLC Has $766,000 Position in Raymond James Financial, Inc. $RJF

Applied Finance Capital Management LLC lifted its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,995 shares of the financial services provider’s stock after purchasing an additional 290 shares during the period. Applied Finance Capital Management LLC’s holdings in Raymond James Financial were worth $766,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RJF. Farther Finance Advisors LLC grew its holdings in shares of Raymond James Financial by 9.0% during the first quarter. Farther Finance Advisors LLC now owns 994 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 82 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Raymond James Financial by 82.6% during the first quarter. GAMMA Investing LLC now owns 4,858 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 2,197 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Raymond James Financial by 3.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,003 shares of the financial services provider’s stock worth $6,112,000 after purchasing an additional 1,375 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Raymond James Financial by 12.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,057 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 229 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Raymond James Financial by 120.7% during the first quarter. Exchange Traded Concepts LLC now owns 4,213 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 2,304 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of RJF opened at $161.50 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. Raymond James Financial, Inc. has a 1 year low of $117.57 and a 1 year high of $177.66. The stock has a market cap of $32.20 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The stock’s 50-day moving average price is $167.39 and its two-hundred day moving average price is $155.13.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.18). Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the business posted $2.39 EPS. Raymond James Financial’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Raymond James Financial’s dividend payout ratio (DPR) is 19.61%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RJF. Weiss Ratings reiterated a “hold (c+)” rating on shares of Raymond James Financial in a report on Wednesday, October 8th. BMO Capital Markets began coverage on Raymond James Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $180.00 price target on the stock. JMP Securities raised their price target on Raymond James Financial from $180.00 to $185.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Wells Fargo & Company raised their price target on Raymond James Financial from $155.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their price target on Raymond James Financial from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Raymond James Financial presently has a consensus rating of “Hold” and an average price target of $172.20.

Raymond James Financial Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.